Packaging Corporation of America Boosts Quarterly Dividend by 20%

Dow Jones

05/13

By Christopher Kuo

Packaging Corporation of America said it plans to increase its quarterly cash dividend by 20%.

The increase to $1.50 a share from $1.25 a share represents the company's disciplined approach to capital allocation, said Chief Executive Mark Kowlzan.

The new annual payout, equal to $6 a year, represents an annual yield of about 2.7%, based on Tuesday's closing price of $219.95.

The first quarterly dividend will be paid on July 15 to shareholders of record as of June 15.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 12, 2026 17:29 ET (21:29 GMT)

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